Which of the Following Is True About Intuition

question 100

Multiple Choice

Which of the following is true about intuition?

• A) it is largely arbitrary
• B) it evolves over time
• C) it's not based on rationality
• D) it's similar to guessing
• E) all of these

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Definitions:

Chart of Accounts

An organizational tool that lists all the accounts in a company's general ledger, categorizing financial transactions into specific classes for reporting and analysis purposes.

Framework

A basic conceptual structure underlying a system, concept, or text, often guiding further development or thought.

Accounting Database

A digital collection of financial information and records that supports the storage, retrieval, management, and analysis of accounting data.

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future, recognized as assets on the balance sheet.